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but the big guy says this fight isn t over. you know, these r republican officials just couldn tep bear the thought of providing relief for working class, middle clas s americans to up fighting for you. we ll use every tool at e studentsal , get you the student debt relief you need and reach your dreams. why didyour d you give millie borrowers false hope. i didn t get mars false hopei ,but the republicans snatched away the hope thatca they were given. and it s real, real hope. did you overstep your authorit > ? i think the court misinterpreted the constitution . here it goes. but maybe biden should savefh some of that anger for nancyat pelosi. the supreme court actually using the former speaker s own words inin their ruling. people think that the president of the unite d states, the power for debt forgiveness. r for he does not. he can postpone. he can delay. but he does not have thatas to power. that would have to bbe an ace a. congress. yeah, as yo u i ....
The case. the operative statute was a heroes act, which, the secretary of education and it was it wa ts enacted in 2 2001 to modify or waive some extent the the ability ofat student to repay a loan if thats student is in the military goese abroad. yeah. and the supreme court came out and said, well, the heroes outwl allows you to kind of waitow to waive it or modify it doesn t, allow you to just cancel it outright. you can t do that. so it s so the legalities are very clear. everybody knew that he l didn t have the right to do it. let s not make believe he did have the rightetelieve h to do . and so he comes out todayday an and he says, you know, it s thosd owe republican ends and is it s about the republicans are destroying the middle class.doin the truth is that it s joe biden that s doing that. he s put trillions into the economy. these pu trillionst us in a posp where, you know, the ordinary personosn is not able to survive the inflation cost of gas, the cost of food infla, every ....
The supreme court or saying, hey, guys, we needw, you bing ge of legislation together? well, i m a democrat. ritchie torres, who sfrom a congressman, one of the new congressmen here from new york, is a hug na hugee supporter of f everything you just talked about, kelly. and i think there are more democrats along that line. and i would agree with you. two things i thought that and i ve said it on the show, i thought that what the president tried to do here, they should have tailored this. i think they should haveld have tailored it to only provide loan relief for those i who have degrees that really are meeting a need in the economy. engineern s, electricians and plumbers, nurses, teachers, familyes who need it, the airt traffic controllers. that s that s what our economyir needs. yeah, but we re not producing enough of enough of them. so if you re going to if you re going to provide people with that kind of relief, we should do that. you thatp that that that the judge gave and kel ....
More than you, joe. that would upset him. that s why this didn t work, because it was just theft. it wasn t anythingt th other thn theft. i love how the media covering this solemnlg y says, and they say this this is verbatim. so thi vs means that students who have huge loans, they re going to have to pay thems, they back. yes, you bozo. that s how it s always workedr or a loan in a contract is utterly meaninglessa cont rie you can never give out anotherod loan to anybody. you think it s going to be forgiven because the people will rebel? cause thl rebel,i be for this. if they forced the the collegesth to do it. but they re not. no, they re not that. so if they forced it on the colleges, the colleges would not go for this debt relief. so that s the thing. you know i it is all academia. they tripled they tripled. they tripled their fees because they knew everybody was goincaus to get a loan. cozy relationship with banks. and then it s kind, is ki like m step ponzi scheme, right ....
Else. and he s making like, you know, these student loans, you know,ry they re the most important things going on in the country. no., they need to know ify have they signed a contract. they have to agree to repa t y i contract, especially in lightt of the fact that you re making us pay pay for their loan, thato me t you have to prove to me thathe they can t pay. and in truth, the, you know, kids decided not to go to college, kids decided to repay the loan. and now the kids who didn t already are home collecting checks from whatever else is going on are going to say, gee, i m going to take advantage of this. and the worst thin the g, when the president came out at 330 or 4:00 today and he said,ppened well, look at what happened at, the what was it afterdemic. the covid, after the pandemic, you know, all these peopleall ot allowed to get money from from covid and from the from the tpp? the truth is thetruth is governt shut businesses down. the government didn t allowe. businesses to o ....